Which bank is best for bike insurance?

Which bank is best for bike insurance?


Would you like to know more about online bank accounts? I mean, a comparison of high-street banks? Or does the question really look more like "which bank is best for bike insurance?"

When choosing a bank for bike insurance, the last thing you want to do is make a rash decision. So, how can you tell if a bank is best for bike insurance? You could compare interest rates, customer service reviews and other factors - but there is a much easier way.

If you have a motorbike then it's probably an item you need to insure. We look at which bank offers the best bike insurance deals to help you find the policy that's best for you and your bike.



ICICI Lombard offers both bikes and scooters under its bike insurance policy. Their policies come with an added benefit of accidental death cover at no extra cost. They offer two different kinds of plans to customers: Third Party Liability cover or Comprehensive cover. The former covers only third-party liability while the latter covers both third-party liability as well as damage to your own vehicle (excluding wear and tear).

The amount covered under third-party liability varies depending on whether you choose comprehensive or third-party liability. For comprehensive cover, ICICI Lombard offers coverage up to Rs 1 lakh for third-party liability and Rs 50,000 for damage to your own vehicle (excluding wear and tear). The price works out to be Rs 2,100 annually for comprehensive cover but only Rs 1,100 annually for the third party

ICICI Lombard Bike Insurance also offers additional features such as an anti-theft cover and technical support. The policy has a premium of Rs 1,250 for the first year and then it increases by 10% every year.

Policies Of ICICI

ICICI has two policies:

Roadside assistance: This includes help in case you have to change a tyre, have a flat tyre or run out of fuel. You can also call them if you run into trouble while driving on the highway or getting stuck in traffic. They'll also provide free car detailing on request, which is an added bonus!

Personal accident cover: This covers injuries sustained by yourself or a family member who was riding a pillion when the accident occurred, as long as they were wearing a helmet at the time.

Bajaj Allianz Bike Insurance

What Is Bajaj Allianz Bike Insurance

Bajaj Allianz Bike Insurance is the only comprehensive bike insurance policy that gives you the widest coverage and multiple benefits including a free personal accident cover of up to Rs 5 lakh.

Bajaj Allianz Bike Insurance is designed to give you comprehensive protection for your bike, keeping you safe and secure in all kinds of unexpected events.

You can choose from three options to get an instant quote for your motorcycle insurance:

Get an Auto Policy online: Get an auto policy online in less than 10 minutes by filling in the details on our website and submitting the form. The policy will be issued within 24 hours of submission of documents at the branch or post office.

Get an Auto Policy over the phone: Call us at our 24x7 Toll-Free number 1800 102 3571 and we will assist you with buying a policy over the phone. A sales executive will guide you through all the steps involved in getting your bike insured.

Types of Bajaj Allianz bike insurance policies

Bajaj Allianz offers three types of bike insurance policies that can be easily purchased online.

Bike owners can choose from an annual, half-yearly or monthly premium payment plan. The policy covers only the bike and not any other vehicle that is attached to it like a trailer or a sidecar. It also covers third-party liability but not personal accident cover or any other add-on benefits such as medical reimbursement, accidental death cover etc.

features of the Bajaj Allianz Bike Insurance

The following are some features of the Bajaj Allianz Bike Insurance:

Covers third-party liability only;

Covers theft, fire and natural calamities;

Covers third-party legal liability up to Rs 50 lakhs;

Tata AIG bike insurance

The best bike insurance is an expensive one. But if you are a biker, you will agree that nothing can be more important than having a quality insurance policy to protect your beloved two-wheeler.

When it comes to insurance, Tata AIG bike insurance should be your first choice. Why? Let us find out:

Comprehensive cover: The best bike insurance would cover all the damages to the bike. It would also provide compensation for the injuries sustained by the rider or pillion in case of an accident.

Full replacement value

Full replacement value: In case of theft or damage, you will get full coverage on your bike in addition to the claim amount paid by the insurer. This means that the full market value of your motorcycle will be paid by Tata AIG bike insurance and not just its depreciated value as with other policies.

Free third-party cover

Free third party cover: This covers your liability towards third parties due to an accident caused by you while riding your motorbike or scooter on public roads.

Benefits of Tata AIG bike insurance

Tata AIG bike insurance offers various benefits to its customers such as:

1. A wide range of bikes to choose from

2. Maintaining your bike’s records in one place

3.24x7 customer care service

Chola MS Bike Insurance

What is Chola MS Bike Insurance?

Chola MS bike insurance offers comprehensive, cost-effective and easy-to-buy motorcycle insurance for all 2-wheelers. It is designed to protect you from financial loss that can be caused by an accident or theft. Chola MS bike insurance gives you peace of mind when riding your motorcycle.

Features Of Chola MS Bike Insurance

Cost-effective, easy-to-buy motorbike insurance

To keep your premium low we offer:

Protection against theft, third party liability and personal accidents cover up to 1 crore

Roadside assistance in case of breakdowns or accidents with our 24x7 call centre service.


It's getting harder and harder to choose a bank these days. With so many competing factors, it can be hard to figure out which is best. Consumers should definitely do their research carefully before choosing a new credit card, checking account, or bike insurance quote. Fortunately, there are tools available like this guide that will help them with their decision. The write-ups that follow should definitely be considered if you're in the market for any of these products.

The high street banks don't give exclusivity to any insurer. However, it doesn't look like there are any major price variations either when you look at the same standard cover for a female in the 25-29 age bracket. So, we'd suggest going with whichever bank you have joined for other reasons, or simply choose the one which makes paying your premium easiest. 

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